PR95980

BELLEVUE,Wash.,May13,2022/PRNewswire=KYODO JBN/--

Global deployment of proprietary emissions-free recycling technology to add

over 30,000 tonnes of annual recycling capacity in move towards global

electrification

US-based recycling technology company, ACE Green Recycling

(ACE)(https://www.acegreenrecycling.com/) announces its plans to build and

operate four new lithium-ion battery recycling facilities with a planned total

annual capacity of over 30,000 tons. The four locations will tap into

previously underserved recycling markets and provide regional markets with an

emissions-free, carbon-neutral recycling solution to support the global

adoption of lithium-ion batteries. Lithium-ion batteries are currently employed

in most of the world's portable electronic devices and electric vehicles, as

well as potentially serving as grid energy storage solutions.

ACE is currently planning for facilities in Thailand, India, and USA, with

planned capacities of 10,000 tons between India and Thailand and 20,000 tons in

the USA. Operations in India are expected to commence by the third quarter of

2022 with initial processing capacity of 1800 tons per year, while Thailand and

USA would come online in 2023 with full operational capacity planned to be

achieved across all facilities by 2025.

ACE recently announced its flagship combined lead-acid and lithium-ion battery

recycling park in Texas, USA. With the announcement of plans to simultaneously

set-up facilities in Asia, ACE is working towards being a global player for

Li-ion battery recycling. The company will be deploying its proprietary

hydrometallurgical recycling process that combines a completely emissions-free,

low temperature process with market-leading recovery rates in excess of 98%.

ACE can also successfully reclaim valuable metals like  copper and aluminum ,

while also being able to handle a wide variety of the world's most utilized

lithium-ion battery chemistries. In line with its environmental ethos, the

process also produces zero toxic solid waste or effluent.

In addition to copper and aluminum, materials recovered also include a variety

of sulphates and carbonates of cobalt, manganese, and nickel, all of which

leave ACE's facility "user-ready" for use in the next generation of lithium-ion

batteries.

"With the set-up of these four new facilities we would strategically leverage

our global supply chain experience to not only cater to the North American

markets but also Asia where we have a very strong on the ground experience and

existing relationships," said Nishchay

Chadha(https://www.linkedin.com/in/nishchay-chadha-9855475/), ACE's Co-Founder

and Chief Executive Officer. ACE is already in discussions with potential

partners for various battery waste supply  and product off-take arrangements to

guarantee a steady inflow of recyclable batteries and a ready customer for its

market-grade battery materials.

When fully operational, ACE expects to provide up to 100 direct and indirect

jobs to the local economy.

While the global market for lithium-ion battery recycling currently remains

relatively low, key OEMs, EV manufacturers, and strategic investors remain

bullish on the need for a sustainable and environmentally responsible recycling

solution  due to three key reasons.

The exponential growth in the adoption of lithium-ion batteries – from the

already ubiquitous portable electronic devices to the widespread and growing

popularity of electric vehicles – is heralding an unprecedented uptick in

demand. Further, government mandates for "producer responsibility" require

battery manufacturers to rapidly identify sustainable recycling solutions which

can minimize the overall environmental footprint of battery manufacturing. With

the continual fragility of global supply chains  causing extreme price shocks ,

players across the value chain(s) are looking to diversify their sources of

battery materials away from regions of heightened political instability.

"By providing a zero emissions lithium-ion battery recycling solution, ACE

solves all of these concerns and provides the necessary supply chain

localization and reliability of the valuable battery materials. Global scale up

of our technology will provide vital support for a sustainable electrification

of mobility and manufacturing." said Dr Vipin

Tyagi(https://www.linkedin.com/in/vtyagiverdeen), Co-founder and Chief

Technology Officer of ACE.

ACE will deploy its capital and collaborate with several strategic and

financial investors to set up the envisioned facilities.

ACE is already a leading pioneer in the hydrometallurgical recycling of

lead-acid batteries, having already deployed its technology on a commercial

scale with leading recyclers and industry players with many new facilities set

to come online across Asia, Europe, and the Middle East by early 2023.

About ACE Green Recycling Inc

ACE Green Recycling is an American green recycling technology company with

global operations across Southeast Asia and India. The company has successfully

commercialized its proprietary recycling process for used lead-acid batteries

that releases no greenhouse gas emissions and is currently scaling up its

zero-emission technology to recycle lithium-ion batteries. ACE is also

simultaneously working on clean technology solutions for other metallic waste

streams. The team behind ACE has decades of recycling, technology and scrap

supply chain experience, making them poised to become a leader in global

recycling.

For media enquiries, please contact:

Regina Soejanto

Superminted Pte Ltd

regina.soejanto@superminted.com

Tel: +(65) 9430 7744

ACE Green Recycling

communications@ace-green.com

SOURCE:  ACE Green Recycling

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=421155

   Caption: ACE Green Recycling To Roll Out Four New Lithium-ion Battery Recycling

Facilities Worldwide.